How to Convert to xAssets

An Overview of Haven’s Ecosystem

Haven Protocol has three primary asset classes that have specific relationships to each other.

Haven (XHV)

XHV is Haven Protocols’ primary currency. It is obtained on exchanges or by mining. It can only be converted into xUSD in the Haven Vault, it cannot be converted to other xAssets

xUSD

xUSD is a synthetic representation of the real-world USD. It always holds the same value as USD within the Haven Vault. It can be converted to both XHV and xAssets

xAssets

xAssets are synthetic representations of real-world assets, traditional currencies, cryptocurrencies, and other financial instruments. They hold the same value as their real-world counterparts within the Haven Vault. They can be converted to xUSD

Converting Assets in the Web Vault

The simplest way to convert between assets is in the Haven Web Vault. It takes thirty seconds to set up a conversion

  1. Open the web vault and click convert
  2. Choose the assets you wish to convert
    XHV can be converted to XUSD
    XUSD can be converted to XHV and xAssets
    xAssets can be converted to xUSD
  3. Enter the amount and click Preview
  4. Review the details in the confirmation pop-up
  5. Click Confirm

Tip – Locks times are necessary to prevent manipulation please check the knowledge base for more information

Continue Your Haven Journey

Once your holding Haven on an exchange, the next step is to move it into your Haven Vault

Step 1. Create a Vault

As with any other blockchain technology, your account and assets are stored on the blockchain. Your Haven Vault is your key, to access your assets. You have a number of vault choices.

Step 2. Buy Haven

Haven (XHV) can be purchased from various cryptocurrency exchanges. This process is simple and usually requires you to buy BTC or USDT first and exchange this for XHV.

Step 3. Move Funds into Your Vault

Move your XHV, xUSD, or xAssets into your own private and secure Haven Vault and gain full control.

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